The bill amends Section 13-1-154.1 NMSA 1978 to increase the financial limits on contracts for the procurement of architectural and engineering services, as well as construction, that state agencies and local public bodies can enter into. Specifically, the total amount for multiple contracts with a single contractor is raised from $7,500,000 to $15,000,000 over a four-year period for architectural or engineering services, and from $12,500,000 to $30,000,000 over a ten-year period for construction. Additionally, the maximum amount for a single contract, including renewals, is increased from $650,000 to $2,000,000 for architectural and engineering services, and from $4,000,000 to $7,000,000 for construction contracts.

Furthermore, the bill stipulates that state agencies and local public bodies must report annually to the legislative finance committee and quarterly to the purchasing division of the general services department regarding the aggregate amount of contracts for each contractor. This reporting requirement aims to enhance transparency and oversight of procurement activities. The bill does not alter the existing limitations set forth in Sections 13-1-150 through 13-1-154 NMSA 1978.

Statutes affected:
introduced version: 13-1-154.1